Replies to post #24583 on Dominovas Energy Corp. (fka DNRG)

[STARSTOCKS]

Yes, that would be the foundation.

[Deagle]

Wasn't there a statement somewhere in either the news or filings that said the $1.2 billion committment was to be accessed as needed, not all at one time?

Dominovas Energy Secures Landmark Commitment for $1.2 Billion US Dollars for Manufacturing and Deployment of Its Rubicon(TM) SOFC Systems

http://www.otcmarkets.com/stock/DNRG/news/Dominovas-Energy-Secures-Landmark-Commitment-for--1-2-Billion-US-Dollars-for-Manufacturing-and-Deployment-of-Its-Rubicon-TM--SOFC-Systems?id=117602&b=y
ATLANTA, GA--(Marketwired - Oct 27, 2015) - Dominovas Energy Corporation (OTCQB: DNRG) announces a landmark capital commitment for $1.2 billion US dollars in project financing (the "Financing") with Graecrest Energy Solutions. Financing will fund the initial phase to manufacture, produce, and deploy Dominovas Energy's proprietary RUBICON™ SOFC systems, pursuant to signed and executed guaranteed Power Purchase Agreements (PPAs).

"This is an unprecedented and historic commitment not only for Dominovas Energy, but it is additionally significant for the fuel cell industry as a whole. This financing commitment is further validation of the Company's business model and an undeniable endorsement of the technical prowess of the RUBICON™ and the 'game plan' we have set forth for the commercial deployment of our fuel cell system," said Neal Allen, Chairman and CEO. "With $1.2 billion secured for the phase 1 manufacturing and installation of the RUBICON™, we have put in place the building block that supports our innovation in engineering this next generation technology for the commercial production of clean and sustainable baseload power via the proprietary RUBICON™."

"With this Financing secured, Dominovas Energy actively demonstrates that the funding of power infrastructure projects in global and emerging markets is not only possible, but feasible. One hundred percent of phase 1 project costs for deployment of RUBICON™ systems are covered in this first tranche of financing. Dominovas Energy remains on schedule and on budget for 2016," Allen continued.

[doebop]

few buyers coming back... need to get back above .03 & .035 here...